Libya Parliament Approves New Central Bank Governor

Libya’s eastern-based parliament agreed on Monday to approve the nomination of Naji Mohamed Issa Belqasem as the new governor of the central bank, part of efforts to end a crisis which has slashed the country’s oil output.

In a televised session, the parliament also approved Mari Muftah Rahil Barrasi as his deputy.

The two names were nominated in a recent U.N.-facilitated meeting. Belqasem was previously the central bank’s director of banking and monetary control.

Reuters/Patience Ameh